Upstream news

The two-and-a-half-month project will commence in April 2021 and will be conducted by the SW Vespucci.

Block 115/09 covers an area of 7382 km2, with a water depth ranging from 90 m to 1000 m, and is bordered by Block 116, also operated by Eni.

The wildcat wells will be drilled about 10 km west of the Fram field.

Penspen has been chosen to provide the procurement and construction of flowlines and wellhead installations for 51 wells in ADNOC Onshore’s oilfields at Shah, Qusahwira and Mender in Abu Dhabi, UAE.

The Lake Albert development encompasses the Tilenga and Kingfisher upstream oil projects in Uganda and the construction of the East African Crude Oil Pipeline (EACOP) in Uganda and Tanzania.

The contract is for Velesto’s jack-up rig NAGA 4 to drill seven firm wells, with an estimated contract value of US$17.68 million.

The agreement includes both 3D new acquisition offshore the Lamu Basin and reimaging vintage data offshore Kenya.

A series of tests were successfully performed on a Weatherford test rig in Houston, US, to demonstrate and verify the integration and functionality of the managed pressure drilling and automated well control technology.

The sale consists of approximately 78 700 net acres located in the Little Knife and Murphy Creek acreage interests in the Bakken in North Dakota, US.

Enverus' summary of 1Q21 US upstream M&A activity shows US$3.4 billion in deal value was transacted during the quarter – an 88% decline from 4Q20.